XML 67 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of the stock-based compensation expense
The Company included stock-based compensation expense related to all of the Company’s stock-based payments awards in various operating expense categories for the years ended December 31, 2017, 2016 and 2015 as follows:
 
 
Years Ended
December 31,
 
 
2017
 
2016
 
2015
Stock-based compensation expense:
 
 
 
 
 
 
Technology and development
 
$
615

 
$
459

 
$
301

Sales and marketing
 
2,062

 
476

 
472

General and administrative
 
2,044

 
1,551

 
1,683

Total in continuing operations
 
$
4,721

 
$
2,486

 
$
2,456

Discontinued operations
 
673

 
1,414

 
1,551

Total stock-based compensation expense
 
$
5,394

 
$
3,900

 
$
4,007
Schedule of stock option awards outstanding and exercisable by exercise price range
The following table presents summary information of the Company’s stock option awards outstanding and exercisable under all plans as of December 31, 2017:
 
 
Options Outstanding
 
Options Exercisable
 
 
Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Remaining
Contractual
Life
 
Weighted
Average
Exercise
Price
Range of Exercise Prices
 
Outstanding
 
(Years)
 
Per Share
 
Exercisable
 
(Years)
 
Per Share
$0.84 – $1.11
 
375,692

 
1.27
 
$
1.10

 
375,692

 
1.27
 
$
1.10

$1.43 – $1.49
 
341,365

 
0.45
 
1.49

 
341,365

 
0.45
 
1.49

$1.59 – $2.69
 
1,956,048

 
8.2
 
2.22

 
745,735

 
6.74
 
2.19

$4.27 – $5.90
 
3,352,350

 
1.63
 
4.56

 
3,351,672

 
1.63
 
4.56

$8.15 – $9.64
 
285,604

 
3.44
 
8.29

 
285,604

 
3.44
 
8.29

 
 
6,311,059

 
3.66
 
$
3.63

 
5,100,068

 
2.37
 
$
3.96
Schedule of stock option activity for all plans
The following table presents summary information of the Company’s stock option awards outstanding and exercisable under all plans as of December 31, 2017:
 
 
Number of
Stock Option
Awards
Outstanding
 
Weighted
Average
Exercise Price
Per Share
December 31, 2016(1)
 
6,425,832

 
$
3.65

  Stock option awards granted(2)
 
1,100,000

 
2.39

Stock option awards forfeited
 
(775,388
)
 
3.17

Stock option awards exercised
 
(439,385
)
 
1.58

Stock option awards outstanding as of December 31, 2017
 
6,311,059

 
$
3.63

 
 
 
 
 
December 31, 2017(3)
 
5,100,068

 
$
3.96

(1)
Includes certain employment inducement stock option awards granted outside of the Company’s stockholder approved equity compensation plans. These grants are generally subject to the same terms and conditions as applied to awards granted under the Company’s 2013 Plan. Stock option awards are generally granted at the fair market value of the Company’s common stock on the date of grant, generally vest over periods up to four years, have a one year cliff with monthly vesting thereafter, and have terms not to exceed 10 years.
(2)
Includes employment inducement stock option awards granted to the Company’s Chief Executive Officer (“CEO”) outside of the Company’s stockholder approved equity compensation plans including the Performance Option (as defined below). These awards were comprised of stock options for purchase 450,000 shares of the Company’s common stock at an exercise price of $2.36 and the Performance Option (as defined below) of stock options for purchase 450,000 shares of the Company’s common stock at an exercise price of $2.36. The exercise price represents the closing price of the Company’s common stock on the date of the grant. These grants are generally subject to the same terms and conditions as applied to awards granted under the Company’s 2013 Plan.
(3)
Includes the vested portion of each employment inducement stock option award.
Schedule of stock options other selected information
Other selected information is as follows:
 
 
Years Ended
December 31,
 
 
2017
 
2016
 
2015
Aggregate fair value of stock option awards vested
 
$
644

 
$
1,418

 
$
1,869

Aggregate intrinsic value of outstanding stock option awards
 
5,503

 
1,969

 
1,100

Aggregate intrinsic value of stock option awards exercised
 
748

 
155

 
311

Weighted-average grant-date fair value per share of stock option awards granted
 
1.13

 
0.57

 
0.80

Cash proceeds received from stock option awards exercised
 
$
699

 
$
161

 
$
108
Schedule of assumptions for stock option awards granted
Fair value of the stock option award was calculated using the Monte-Carlo Simulation with the following assumptions:
 
 
2017
Exercise price
 
$
2.36

Volatility
 
50
%
Risk-free interest rate
 
2.38
%
Maturity
 
10.00

Milestone 1
 
$
4.00

Milestone 2
 
$
5.00

Cost of equity
 
17
%
Dividend yield
 
—
%
The following table presents the assumptions for stock option awards granted during the years ended December 31, 2017, 2016 and 2015:
 
 
2017
 
2016
 
2015
Volatility
 
49% - 50%

 
32% - 33%

 
34% - 43%

Risk-free interest rate
 
1.85% to 2.02%

 
1.24% - 1.57%

 
1.60% - 1.73%

Expected life (in years)
 
5.65 - 5.67

 
5.80 - 6.03

 
6.00 - 6.06

Dividend yield
 
0.00
%
 
0.00
%
 
0.00
%
Schedule of the non-vested restricted stock unit award activity
The following table presents a summary of the Company’s non-vested restricted stock unit award activity under all plans and related information for the year ended December 31, 2017:
 
 
Number of
Restricted
Stock
Awards
Outstanding
 
Weighted
Average
Grant Date
Fair Value
Per Share
Non-vested restricted stock unit awards outstanding as of December 31, 2016
 
3,750,292

 
$
2.07

Restricted stock unit awards granted(1)
 
2,569,039

 
2.23

Restricted stock unit awards forfeited
 
(2,050,872
)
 
2.08

Restricted stock unit awards vested
 
(1,750,084
)
 
2.11

Non-vested restricted stock unit awards outstanding as of December 31, 2017
 
2,518,375

 
2.19


(1)
Includes employment inducement restricted stock unit awards granted to the Company's CEO outside of the Company’s stockholder approved equity compensation plans. The award comprised of 186,440 restricted stock units. The award is generally subject to the same terms and conditions as applied to awards granted under the Company's 2013 Plan.
Schedule of restricted stock unit awards other selected information
 
 
Years Ended
December 31,
 
 
2017
 
2016
 
2015
Aggregate grant date fair value of restricted stock unit awards outstanding
 
$
5,515

 
$
7,763

 
$
6,306
Schedule of assumptions for awards issued under the 2014 ESPP
For the years ended December 31, 2017 and 2016, the following assumptions were used for awards issued under the 2014 ESPP:
 
 
2017
 
2016
 
2015
Volatility
 
42% - 52%

 
32% - 35%

 
28% - 35%
Risk-free interest rate
 
0.70% - 1.1%

 
0.46% - 0.49%

 
0.07% - 0.22%

Expected life (in years)
 
0.50

 
0.50

 
0.50

Dividend yield
 
0.00
%
 
0.00
%
 
0.00
%